Kenya
Kenya
Drought, Flood
1Fragile
123 life insurance companies, 35 general insurance companies and 5 reinsurers
133% (2022)
137.5% (2014)
12.3% (2022)
1#23 out of 239 countries and territories (2023)
150% of total employment
1Overview
Kenya is a lower-middle-income country, where agriculture provides a vital contribution to the economy, ensures food security and employs half the population. The worsening effects of climate change could disrupt this key sector and put pressure on vulnerable communities. Building financial resilience against these risks is key to ensuring a sustainable future for the country.
Our projects
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Protecting vulnerable communities with affordable care
UNDP’s Insurance and Risk Finance Facility has launched the Insurance Innovation Challenge Fund (IICF) in cooperation with the International Cooperative and Mutual Insurance Federation (ICMIF) Foundation to support mutual insurance organizations in creating and distributing innovative and affordable insurance products for the most vulnerable. In Kenya, UNDP’s Insurance Innovation Challenge is supporting an innovative insurance product aimed at providing affordable health cover to low-income groups, especially women in rural areas.
